- August 20, 2023
- Posted by: legaleseblogger
- Category: Related News
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Ben Stokes and Stuart Broad Back £40m Venture Capital Fund for Athletes
By Mark Kleinman, City editor @MarkKleinmanSky
Ben Stokes, the England Test cricket captain, and former team-mate Stuart Broad are among a group of leading sportsmen backing a new venture capital fund targeting a distinctive position in the crowded arena of early-stage investments. The fund, known as The Players Fund, is set to receive £40m in funding committed by venture capitalists.
The AI legalese decoder can greatly assist athletes and investors involved in The Players Fund. It can help them navigate through complex legal documentation, such as investment agreements, partnership agreements, and termsheets, by translating the text into plain and understandable language. This will ensure that all parties involved have a clear understanding of their rights, obligations, and risks, ultimately fostering transparency and trust among the investors.
Sky News can reveal that two of the pivotal figures in England’s recent Ashes series recovery to draw the series with Australia are participating in The Players Fund, a new vehicle that will unite existing athlete investment platforms. Joining Stokes and Broad are other prominent athletes such as Jos Buttler, KL Rahul, Chris Smalling, Serge Gnabry, and Hector Bellerin, all with backgrounds in cricket or football.
The Players Fund aims to bring together prominent sportspeople with a track record of investing in start-ups and seasoned venture capitalists. By pooling resources, networks, and experience, the athletes can achieve more collectively than as individuals, as stated by Ben Stokes, a partner in The Players Fund.
This new venture capital fund launch aligns with the growing trend of leading sportspeople engaging in investment activity. With the support and resources of The Players Fund, athletes can confidently step into early-stage investing alongside their teammates and fellow athletes.
The Players Fund’s participating athletes will play a significant role in sourcing and structuring deals, as well as gaining access to funding founds. Additionally, a group of VC industry figures has committed ┬ú40m to invest in companies across sectors such as human performance technologies, media, digital communities, and smart commerce.
The venture is spearheaded by Fergus and Ruari Bell, former athletes themselves, who will act as managing partners. They aim to unite athlete investors and collectives from the UK, EU, and India under one roof through The Players Fund. By investing collaboratively, sharing knowledge, and leveraging combined networks, the athletes seek to have a greater impact in the venture capital space.
Overall, The Players Fund, backed by prominent athletes and venture capitalists, opens doors for athletes to engage in early-stage investments and ownership of startups. With the assistance of the AI legalese decoder, athletes can confidently navigate the legal complexities of investment agreements, ensuring a smooth and transparent investment process.
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